NJ RE Purchase way below assessed value
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  1. 01-29-2020, 04:43 PM #1
    Yankeeman07
    Yankeeman07 is offline
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    Quote Originally Posted by info@nsslending.com View Post
    We have a client that has no credit history--that's right NONE--2 inquiries... He wants to buy a NJ former gas station for 304. has assessed value of 800. Can you help?
    How much of a down payment do they have?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial
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  2. 01-29-2020, 04:50 PM #2
    info@nsslending.com
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    less than 150. Thoughts?
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  3. 01-29-2020, 08:19 PM #3
    Yankeeman07
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    Quote Originally Posted by info@nsslending.com View Post
    less than 150. Thoughts?
    Purchase Price is $304K and your client has how much less than $150K?
    Do they have 30/40% as a down payment?

    What State is the property located?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial
    Reply With Quote Reply With Quote
  4. 01-30-2020, 09:40 AM #4
    Kevin Henry-Seacoast
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    Quote Originally Posted by Yankeeman07 View Post
    Purchase Price is $304K and your client has how much less than $150K?
    Do they have 30/40% as a down payment?

    What State is the property located?
    I believe the original post stated the information.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426
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